FAQ – What is a Charge Off? A charge-off is an accounting term used … More What is a Charge Off?
How to Get a Free Copy of My Credit Report
Fair and Accurate Credit Transactions Act (FACTA ) was a law passed by the US Congress in 2004. This act allows consumers to request and obtain a free credit report once every twelve months from each of the three nationwide consumer credit reporting companies (Equifax, Experian and TransUnion). Continue reading How to Get Truly Free Credit Reports For Life
Q&A: Impact on Credit Scores? QUESTION: Can a Home Equity Line of Credit (HELOC) impact my credit score? ANSWER: Credit expert … More Can a Home Equity Line of Credit (HELOC) impact my credit score
Even if you use traditional credit very little, now you can build a good history by having your rent payments reported to the credit bureau. Continue reading Rent payments now appear on Experian credit reports
The most widely used credit scores are FICO scores, which were developed by Fair Isaac & Company, Inc. (and they’re named after their inventor!)
many people don’t know is that recently the credit bureau changed how they handle credit inquiries and so now when you shop for a mortgage, even if multiple lenders review your credit they will all see the same scores and information so long as the last credit inquiry is within 14 days of the first.